---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026917"
form_type: "8-K"
ticker: "GMBL"
cik: "0001451448"
company_name: "ESPORTS ENTERTAINMENT GROUP, INC."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:52:58.367593+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Esports Entertainment converts $3.8M Series C into 8.8M shares; misses approval deadline

## Summary
- Converted $3,825,947 Series C preferred into 8,755,749 common shares at 90% of lowest 10-day VWAP.
- Shares outstanding rose to 14,332,080 as of Aug 3, 2023; ~$11.1M Series C principal remains.
- Obligation to increase dividends by $1,127,148 due to conversion price below $0.44 floor.
- Will miss Aug 15, 2023 stockholder approval deadline under Series D SPA; penalty risk.
- Filing failure under Registration Rights Agreement triggers 0.5% monthly penalty on Series D purchase price.

## SEC filing metadata
- accession: 0001493152-23-026917
- form_type: 8-K
- ticker: GMBL
- cik: 0001451448
- company_name: ESPORTS ENTERTAINMENT GROUP, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 1.01, 5.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451448/000149315223026917/0001493152-23-026917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451448/000149315223026917/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026917
- JSON: https://secwatch.observer/filing/0001493152-23-026917.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026917.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.